Old Stock

Examples of Old Stock in the following topics:

• Domestic Discontent with the War

  • Old-Stock Americans and Irish-Americans opposed U.S. entry into World War I, but Wilson made appeals to gain their support.
  • Among these dissenters, some of the loudest protests came from so-called Old-Stock Americans, as well as Americans of Irish descent.
  • The dominant voice in American politics at the time of World War I was that of Old-Stock Americans, who were white and primarily Protestant Christians.
  • Wilson, therefore, knew religion could be utilized in American foreign policy and that by showing German militarism to be morally evil, the Old Stock would throw enormous weight behind the war effort.
  • Explain why Irish-Americans were adamantly against aiding the British in the war and how Wilson harnessed the moralism of the "old stock" to support it

• The "New Economy" of the 1990s

  • This included the emergence of the NASDAQ as a rival to the New York Stock Exchange, a high rate of Initial Public Offerings (IPOs, or the first sale of stock by a private company to the public), the rise of dot-com stocks over established firms, and the prevalent use of such tools as stock options.
  • Stock shares rose dramatically and many start-ups were created.
  • Newspapers and business leaders talked of new business models; some even claimed that the old laws of economics did not apply anymore and that new laws had taken their place.
  • NASDAQ emerged as a rival to the New York Stock Exchange in the 1990s.

• Domestic Conservatism

  • The Great Depression which followed the 1929 stock market collapse led to price deflation, massive unemployment, falling farm incomes, investment losses, bank failures, business bankruptcies, and reduced government revenues.
  • Opposition to the New Deal also came from the Old Right, a group of conservative free-market anti-interventionists, originally associated with midwestern Republicans led by Hoover and Robert A.
  • The Old Right accused Roosevelt of promoting socialism and being a "traitor to his class. " The New Deal strongly supported labor unions, which became the main target of conservatives.

• Fashion

  • Silk or rayon stockings were held up by garters.
  • Without the old restrictive corsets, flappers wore simple bust bodices to make their chest hold still when dancing.
  • They also wore new, softer and suppler corsets that reached to their hips, smoothing the whole frame, giving them a straight up and down appearance, as opposed to the old corsets which slenderized the waist and accented the hips and bust.

• Conclusion: Cultural Change in the Interwar Period

  • When that finally happened, panic selling started at the New York Stock Exchange.
  • Stock prices plummeted by more than 80 percent, which had a major impact on the U.S. and world economy.
  • The global attention garnered by the achievement of 25-year-old “Lucky Lindy” spawned advances that led to commercial aviation in the next decade.
  • Hollywood boomed during this time, producing a new form of entertainment that shut down the old Vaudeville theatres – the silent film.
  • A crowd gathers on Wall Street outside the New York Stock Exchange after the market crash of October 29, 1929.

• Flappers

  • They personified the musical and dance movements emerging from the dance clubs playing Jazz and new versions of old music, which became enormously popular in the 1920s and into the early 1930s.
  • Silk or rayon stockings were held up by garters.
  • They also wore new, softer and suppler corsets that reached to their hips, smoothing the whole frame, giving them a straight, up and down appearance, as opposed to the old corsets that slenderized the waist and accented the hips and bust.

• The Rise of Big Business

  • Some tried to blend old ways of working into the new system.
  • Congress had passed the Sherman Antitrust Act to prevent trusts, or corporations that held stock in several different companies, from obstructing the activities of competitors.

• Wall Street Crash of 1929

  • The Wall Street Crash of 1929, also known as the Great Crash and the Stock Market Crash of 1929, was the most devastating stock market crash in the history of the United States, taking into consideration the full extent and duration of its fallout.
  • A significant number of them were borrowing money to buy more stocks.
  • By August 1929, brokers were routinely lending small investors more than two-thirds of the face value of the stocks they were buying.
  • Also, the uptick rule, which "allowed short selling only when the last tick in a stock's price was positive" was implemented after the 1929 market crash to prevent short sellers from driving the price of a stock down in a bear run.
  • The trading floor of the New York Stock Exchange in 1930, just six months after the crash of 1929.

• The Great Depression

  • The Great Depression was a decade-long period of poverty and unemployment that followed the 1929 stock market crash.
  • By 1932, unemployment had surged to 24 percent, while stock prices plummeted by more than 80 percent.
  • Economists still dispute how much weight to give the stock market crash of October 1929 as a cause of the Great Depression.
  • The Uptick Rule, which "allowed short selling only when the last tick in a stock's price was positive," was implemented after the crash to prevent short sellers from driving the price of a stock down in a bear run, a period of economic pessimism that fuels stock sales.
  • A crowd gathers on Wall Street following the stock market crash on October 29, 1929.

• The Roosevelt Administration

  • They sent fourteen-year-old Franklin to the Groton School, a prestigious boarding school in Massachusetts that gathered children from socially influential families.
  • Under the Roosevelt administration, stock market was also regulated.